Wallis and Futuna Economy:
The economy is limited to traditional subsistence agriculture, with about 80% labor force earnings from agriculture (coconuts and vegetables), livestock (mostly pigs), and fishing. About 4% of the population is employed in government. Revenues come from French Government subsidies, licensing of fishing rights to Japan and South Korea, import taxes, and remittances from expatriate workers in New Caledonia.
GDP (purchasing power parity):
$60 million (2004 est.)
GDP — real growth rate:
NA
GDP — per capita:
purchasing power parity: $3,800 (2004 est.)
GDP — composition by sector:
agriculture: NA
industry: NA
services: NA
Labor force — by occupation:
agriculture, livestock, and fishing: 80%, government: 4% (2001 est.)
Unemployment rate:
NA
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
NA
Budget:
revenues: $20 million
expenditures: $17 million including capital expenditures of NA (1998 est.)
Agriculture — products:
Breadfruit, yams, taro, bananas; pigs, goats
Industries:
copra, handicrafts, fishing, lumber
Industrial production growth rate:
NA
Electricity — production:
NA
Electricity — consumption:
NA
Electricity — exports:
0 kWh (2002 est.)
Electricity — imports:
0 kWh (2002 est.)
Exports:
$250,000 (f.o.b. 1999 est.)
Exports — commodities:
copra, chemicals, construction materials
Exports — partners:
Italy 40%, Croatia 15%, US 14%, Denmark 13%
Imports:
$300,000 (f.o.b. 1999 est.)
Imports — commodities:
chemicals, machinery, passenger ships, consumer goods
Imports — partners:
France 97%, Australia 2%, New Zealand 1%
Debt — external:
NA
Economic aid — recipient:
assistance from France
Currency:
Comptoirs Francais du Pacifique franc (XPF)
Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US$: 96.04 (2004 est.), 105.66 (2003 est.), 126.71 (2002 est.), 133.26 (2001 est.), 129.43 (2000 est.)
Fiscal year:
calendar year
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